Tech Mahindra is steadfast in targeting a 15% EBIT margin by year 3. Although the commercial segment is showing better performance, overall growth is still challenging. The BFSI sector is improving slowly, and manufacturing results are on par with last year. However, Asia Pacific is exceeding expectations. Given the current valuation of 25x FY26E consensus EPS, much of the potential improvement is already factored in.
Subscribe To Our Free Newsletter |